BSP’s first-half profit surges nearly five times

The Bangko Sentral ng Pilipinas (BSP) saw its bottom line surge during the first semester, boosted by sizable gains from currency trading at a time of a weaker peso.
The central bank posted a P29.45 billion net income as of end-June, nearly five times the P6.55 billion it made during the comparable period in 2017. — M.T. Lopez